NY Attorney General's Office Requests Public Comments As Part Of Review Of Fidelis Sale

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News from the New York Attorney General’s OfficeFOR IMMEDIATE RELEASEMay 10, 2018Attorney General’s Press Office / 212-416-8060NY ATTORNEY GENERAL’S OFFICE REQUESTS PUBLIC COMMENTS AS PART OF REVIEW OF FIDELIS SALEActing New York Attorney General Barbara Underwood announced today a request for public comment as part of the office’s review of the $3.75 billion sale of substantially all of the assets of the New York State Catholic Health Care Plan, Inc. d/b/a Fidelis Care New York (“Fidelis”) to Centene Corporation (“Centene”).
“This will be the largest charitable transaction in the history of the Attorney General’s office,” Acting Attorney General Underwood said.
Because of Fidelis’ important role in providing safety net health care for New Yorkers, the Attorney General’s office has secured a number of commitments from Centene as part of her office’s review of the sale.
Under the proposed transaction, Fidelis will transfer the proceeds of the sale to a new health care foundation, Mother Cabrini Health Foundation, Inc.
This Foundation will provide grants to address the health care needs of vulnerable New Yorkers, including social determinants of health.
Source: NY Attorney General's Office Requests Public Comments As Part Of Review Of Fidelis Sale